Indian EV charging giant Exicom has acquired failed Australian EV manufacturer Tritium, which collapsed earlier this year.
Exicom Tele-systems, India’s largest EV charger manufacturer, has entered into an agreement to acquire the business and assets of Tritium, in a move it says will be an ideal anchor towards building a global EV business with Tritium’s presence in 47 countries.
Anant Nahata, CEO of Exicom, said the acquisition is in line with Exicom’s strategic vision to be a key contributor to the world of tomorrow by enabling an emission free future for mobility.
“Exicom and Tritium have a complementary sales and product footprint and have each established leadership in their respective regions. We look forward to working with Tritium’s employees, customers, partners and other stakeholders to grow the business further and provide faster, more reliable charging experiences to EV users across the globe.”
The acquisition will see Exicom add Tritium’s manufacturing facility in Tennessee, USA, as well as a world-class engineering centre in Brisban to Exicom’s existing presence in Asia.
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles. It has over 13,000 DC fast chargers sold in 47 countries.
Headquartered in New Delhi, India, Exicom is a leading power management solutions company, offering cutting-edge EV charging and energy storage solutions across over 15 countries.
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